Middleburg Kicks Off Construction of Jacksonville SFR Project
The firm is partnering with Parse Capital on the sprawling 250-unit development.
Construction has launched at The Hamlet at Wildlight, a 250-unit, single-family rental community near Jacksonville, Fla., which is being developed by Middleburg Communities in partnership with Parse Capital.
The 31-acre SFR development is expected to be completed by the fourth quarter of 2023 and will feature cottages, townhomes and duplexes.
Parse Capital is a subsidiary of The Wolff Co., a provider of joint venture and preferred equity alongside sponsors who develop, recapitalize and acquire residential communities in the United States.
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Amenities at The Hamlet at Wildlight will include clubhouse and leasing centers, fitness centers, a pool, dog park and pet spa, grilling stations, package lockers, community parks and green space and access to walking trails. The units will feature private entries, stainless steel Energy Star appliances, quartz countertops, LVT plank flooring, 9-foot ceilings, laundry rooms with washers and dryers, Bluetooth keyless entry, smart thermostats, large walk-in-closets, tile backsplashes, private yards, porches and/or patios and attached garages in select units.
Wildlight is a newly developed 2,900-acre master-planned community planned for 3,200 units and 6.2 million square feet of commercial development along with parks, a 10-mile trail network, wellness facilities and open space, including ballfields. The development is 20 minutes north of Jacksonville along I-95 in rapidly growing Nassau County.
Middleburg, a Vienna, Va.,-based real estate investment, development, construction and management firm, launched its SFR concept, The Hamlet, in June 2021. The company began with four locations in Alabama, Florida and North Carolina, including The Hamlet at Wildlight, and has plans for 36 additional projects under contract or in its pipeline. In addition to its SFR properties, Middleburg has acquired and developed more than 22,000 apartment units since its founding in 2004. The firm has plans to start construction on nearly 2,700 units in 10 communities throughout the Southeast this year.